Vanadium One Energy Corp (VONE.V) CMF Showing Increased Buying Pressure
Date: May 4, 2018
Vanadium One Energy Corp (VONE.V) is seeing positive money flow as the Chalkin (CMF) indicator is holding above the zero line. The Chaikin Money Flow Indicator is an oscillator developed by Marc Chaikin. An oscillator is an indicator that is used as a counter trend showing when the market is overbought or oversold. The CMF is based largely on the Accumulation Distribution Line; it compares the close value with the high and the low for that same day.
A buy signal occurs when the CMF value crosses from below the 0 line to above the 0 line. A sell signal occurs when the CMF value crosses from above the 0 line to below the 0 line.
Taking a look at some additional technical indicators, we see that currently Vanadium One Energy Corp (VONE.V)’s Williams Percent Range or 14 day Williams %R is resting at -50.00. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.
Vanadium One Energy Corp (VONE.V) presently has a 14-day Commodity Channel Index (CCI) of 95.63. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. Checking on another technical indicator, the 14-day RSI is currently sitting at 60.01, the 7-day rests at 74.14, and the 3-day is presently at 97.02 for Vanadium One Energy Corp (VONE.V).
